HF Advisory Group LLC Raises Stake in General Mills, Inc. $GIS

HF Advisory Group LLC raised its position in shares of General Mills, Inc. (NYSE:GIS) by 41.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 83,336 shares of the company’s stock after purchasing an additional 24,281 shares during the quarter. HF Advisory Group LLC’s holdings in General Mills were worth $2,900,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. LBP AM SA bought a new stake in General Mills during the 4th quarter valued at approximately $2,639,000. Robeco Institutional Asset Management B.V. boosted its stake in General Mills by 1,824.7% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 895,225 shares of the company’s stock worth $41,628,000 after purchasing an additional 848,712 shares during the period. BNP Paribas Financial Markets boosted its stake in General Mills by 13.1% in the 4th quarter. BNP Paribas Financial Markets now owns 1,246,997 shares of the company’s stock worth $57,985,000 after purchasing an additional 144,631 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in General Mills by 10.2% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 711,120 shares of the company’s stock valued at $33,186,000 after buying an additional 65,817 shares in the last quarter. Finally, KBC Group NV grew its holdings in General Mills by 40.5% during the 1st quarter. KBC Group NV now owns 771,730 shares of the company’s stock valued at $28,724,000 after buying an additional 222,602 shares in the last quarter. 75.71% of the stock is currently owned by institutional investors.

General Mills Stock Performance

NYSE:GIS opened at $36.81 on Friday. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.68 and a quick ratio of 0.40. General Mills, Inc. has a 1 year low of $31.75 and a 1 year high of $51.33. The stock’s 50 day simple moving average is $35.56 and its two-hundred day simple moving average is $38.18. The company has a market cap of $19.64 billion, a price-to-earnings ratio of -204.47 and a beta of -0.03.

General Mills (NYSE:GIS) last posted its earnings results on Wednesday, July 1st. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.15. General Mills had a positive return on equity of 21.37% and a negative net margin of 0.48%.The firm had revenue of $4.61 billion during the quarter, compared to the consensus estimate of $4.59 billion. During the same period in the prior year, the company earned $0.53 EPS. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. As a group, equities analysts anticipate that General Mills, Inc. will post 3.07 earnings per share for the current fiscal year.

General Mills Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 10th were paid a dividend of $0.61 per share. The ex-dividend date of this dividend was Friday, July 10th. This represents a $2.44 dividend on an annualized basis and a yield of 6.6%. General Mills’s dividend payout ratio is presently -1,355.56%.

Insider Buying and Selling at General Mills

In other General Mills news, insider Jacqueline Williams-Roll sold 10,000 shares of the stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $34.27, for a total transaction of $342,700.00. Following the completion of the transaction, the insider owned 86,002 shares in the company, valued at $2,947,288.54. This trade represents a 10.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Ricardo Fernandez sold 7,995 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $34.50, for a total transaction of $275,827.50. Following the completion of the sale, the insider owned 62,283 shares in the company, valued at approximately $2,148,763.50. This trade represents a 11.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

GIS has been the topic of several recent analyst reports. UBS Group set a $33.00 price objective on shares of General Mills in a research report on Monday, July 6th. BTIG Research initiated coverage on shares of General Mills in a research report on Monday, April 13th. They set a “neutral” rating for the company. TD Cowen cut their target price on shares of General Mills from $32.00 to $31.00 and set a “hold” rating for the company in a research note on Thursday, July 2nd. BNP Paribas Exane lifted their price target on shares of General Mills from $37.00 to $38.00 and gave the company a “neutral” rating in a report on Thursday, July 2nd. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $36.00 price target on shares of General Mills in a research note on Tuesday, June 2nd. Four investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and seven have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, General Mills presently has a consensus rating of “Reduce” and an average target price of $39.16.

General Mills Profile

General Mills, Inc (NYSE: GIS) is a multinational consumer foods company that develops, manufactures and markets a broad portfolio of branded food products. Its product categories include ready-to-eat and hot cereals, baking mixes and ingredients, snacks and bars, refrigerated and frozen doughs, yogurt and other dairy products, and a variety of shelf-stable meals and meal components. The company’s portfolio features widely recognized consumer brands across grocery store, mass channel and foodservice outlets.

Founded in the early 20th century and incorporated under its current name in 1928, General Mills has grown through both internal brand development and strategic expansion to become a global food company.